BTCbrain

Weekly Support & Resistance Zones for BTCUSDT on Binance (12/02)

BINANCE:BTCUSDT   Bitcoin / TetherUS
BTCUSDT made a reversal on November 25, and managed to break the 7375 resistance zone and close above it on November 27. The previous 7375 resistance zone then turned to the current support area. At this time, BTCUSDT is trading under the 7375 support level. If it keeps trading lower and closes below this support level, it may go back to the last week's lowest low of 6515 but if it manages to close above the 7375 support area again, it may reattempt to go to the 8275 resistance area.

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